Sluggish demand for replacement of building and factory air filters due to the spread of telework and other factors
First written in FY2022-Q2. 7 of 15 entries say "Mitigated", first in FY2023-Q1. Latest entry: 2026-08-07.
Yamashin-Filter Corp. moved to the "Worse" side of this theme in 2025, 6 years after the typical company in this theme (2019).
The whole theme swung hardest in 2025: 5 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- 2026-08-07MitigatedEarnings presentation
「エアフィルタ事業の受注は回復傾向、直販体制の確立により収益改善を本格化」
エアフィルタ事業の受注回復と直販体制の確立により、需要低迷および収益性の悪化に対する改善を本格化している。 - FY2026WorsenedAnnual report
「In the Air Filter business, revenue remained sluggish due to production and shipping delays associated with the replacement of the core system, while higher system operating costs led to substantial decreases in revenue and earnings.」
The combined impact of declining demand and the replacement of the core system resulted in a 12.5% decrease in revenue and an operating loss of ¥120 million for the Air Filter business. - FY2025WorsenedAnnual report
「In the air filter business, revenue and profit declined due to lower replacement demand for the company's core product, filters for building air-conditioning systems, and higher selling, general and administrative expenses associated with the implementation of a core system.」
Replacement demand for filters used in building air-conditioning systems continued to decline, resulting in a 1.0% decrease in revenue and a 17.3% decrease in operating profit for the Air Filter business. - FY2024-Q2MitigatedAnnual report
「In the Air Filter business, revenue increased due to the recovery in replacement demand for the main product, filters used in building air-conditioning systems, among other factors. Profit increased substantially due to price pass-through, improved production efficiency and expense reductions.」
The recovery in replacement demand for filters used in building air-conditioning systems continued, resulting in a 2.3% year-on-year increase in Air Filter business revenue. Operating profit increased from ¥4 million to ¥39 million, and the operating margin improved from 0.4% to 3.0%. - FY2024-Q1MitigatedAnnual report
「In the Air Filter business, revenue increased due to the recovery in replacement demand for the main product, filters used in building air-conditioning systems, among other factors. Profit increased substantially due to price pass-through in response to higher raw material prices, as well as improved production efficiency and expense reductions.」
Replacement demand for filters used in building air-conditioning systems recovered, and price pass-through, improved production efficiency and expense reductions resulted in an 8.7% increase in revenue and operating profit of ¥49 million for the Air Filter business. - FY2023MitigatedAnnual report
「In the Air Filter business, revenue increased as replacement demand recovered for the main product, filters used in building air-conditioning systems. Profit increased due to price pass-through in response to higher raw material prices, as well as improved production efficiency and expense reductions.」
Replacement demand for filters used in building air-conditioning systems recovered, resulting in a 3.2% increase in revenue for the Air Filter business and an improvement in operating profit from an operating loss of ¥123 million in the previous fiscal year to ¥84 million. - FY2023-Q3MitigatedAnnual report
「In the Air Filter business, replacement demand for the main product, filters used in building air-conditioning systems, was recovering, and revenue increased. Profit increased due to price pass-through in response to higher raw material prices, as well as improved production efficiency and expense reductions.」
Replacement demand for filters used in building air-conditioning systems began to recover, and price pass-through, improved production efficiency and expense reductions resulted in a 3.9% year-on-year increase in revenue and operating profit of ¥44 million for the Air Filter business. - FY2023-Q2MitigatedAnnual report
「In the Air Filter business, replacement demand for the main product, filters used in building air-conditioning systems, was recovering, and revenue increased. Profit increased due to price pass-through in response to higher raw material prices, as well as improved production efficiency and expense reductions.」
As replacement demand for filters used in building air-conditioning systems began to recover, revenue in the Air Filter business increased 1.5%, and the business turned from an operating loss of ¥63 million to an operating profit of ¥4 million. - FY2023-Q1MitigatedAnnual report
「In the Air Filter business, demand for filters used in building air-conditioning systems was recovering as economic activity resumed, and revenue was roughly on a par with the previous year. Profit increased due to improved production efficiency and the effects of expense reductions.」
Demand for filters used in building air-conditioning systems began to recover as economic activity resumed, and improved production efficiency and expense reductions increased profit in the Air Filter business. - FY2022RestatedAnnual report
「Revenue decreased 1.2% as demand for replacement filters and other products declined due to the impact of low occupancy rates at office buildings, factories and other facilities.」
Demand for replacement air filters declined amid persistently low occupancy rates at office buildings, factories and other facilities, resulting in a 1.2% decrease in full-year revenue. - FY2022-Q3MaterialisedAnnual report
「Revenue decreased 3.3% as demand for replacement filters and other products declined due to lower occupancy rates at office buildings, factories and other facilities. Operating profit decreased by ¥68 million due to lower revenue and the impact of the sales mix.」
Demand for replacement filters continued to decline as occupancy rates at office buildings, factories and other facilities remained low, resulting in a 3.3% decrease in revenue and a ¥68 million decrease in operating profit for the Air Filter business. - FY2022-Q2MaterialisedAnnual report
「The Air Filter business reported lower revenue and earnings due to sluggish replacement demand for air filters used in buildings and factories.」
Against a backdrop of lower occupancy rates at office buildings and other facilities due to the spread of telework, demand for replacement filters declined, resulting in a 2.8% decrease in revenue and an 86.5% decrease in operating profit for the Air Filter business.